Rethinking Barstool?

Kliq

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Also if I could pick two sports media figures to get in a self-destructive war with one another I'd probably pick Portnoy and Minihane.
 

Patriot_Reign

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That's one of the better thing Barstool has done! The ones arrested were not the looters.
Do you have evidence of this? I ask this earnestly. From what I can see the protestors were peaceful, but later the criminal looting of businesses took hold which I assume the arrests came from.
 

PC Drunken Friar

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Do you have evidence of this? I ask this earnestly. From what I can see the protestors were peaceful, but later the criminal looting of businesses took hold which I assume the arrests came from.
I watched Boston burning last night. Cops were literally watching the looters in some areas (Walgreens comes to mind). I saw them intervene once, when they happened upon a group that just broke the first window. They sort of scared them (literally came around the corner) and never gave chase.

I am sure many at-fault people were arrested the last few nights. I am also just as sure that many peaceful protestors were arrested.
 

Patriot_Reign

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I am also just as sure that many peaceful protestors were arrested.
As there were only, what 53 arrests? I find this hard to believe. Like how does that work? Out of hundreds if not thousands of protestors they just pick a bunch of peaceful ones out of the crowd to arrest?
 

TFP

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Everyone should listen to the Arian Foster conversation on yesterday's Pardon My Take. I learned many things that I'm still thinking about today.

It was nice to get a glimpse of the man behind PFT, felt like Eric talking not the PFT character. Would like to hear more of that.
 

PC Drunken Friar

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As there were only, what 53 arrests? I find this hard to believe. Like how does that work? Out of hundreds if not thousands of protestors they just pick a bunch of peaceful ones out of the crowd to arrest?
Yes. You can be peaceful, but also antagonize the police. One part of the point of non-violent protests is to provoke to other side to see that they are wrong.
 

DeJesus Built My Hotrod

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Big Cat had 120,000 people watching him throw 6 picks tonight. That's pretty unreal.
He has to be one of, if not the most marketable names in sports entertainment.

I know that he is essentially handcuffed to Barstool but were he not, he would get paid. He has range, charisma and he grinds - this is true of a lot of people in broadcasting. However to come through this part of 2020 with a myriad of terrible things happening and no sports as a distraction, Big Cat managed to keep engagement up and it was via legitimate, entertaining content. Dude is talented.
 

TFP

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He has to be one of, if not the most marketable names in sports entertainment.

I know that he is essentially handcuffed to Barstool but were he not, he would get paid. He has range, charisma and he grinds - this is true of a lot of people in broadcasting. However to come through this part of 2020 with a myriad of terrible things happening and no sports as a distraction, Big Cat managed to keep engagement up and it was via legitimate, entertaining content. Dude is talented.
This is purely a guess by me, but I'm guessing he will clear at least $50M (in cash and equity value) from his employment at Barstool when it's all said and done. And I think that's a conservative estimate.

And he deserves it all too. He's insanely talented.
 

cshea

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He runs like 6 plays and can’t adjust when a team takes his go-to’s away. Shark wheel. HB angle. Repeat. It’s amazing how many games he has where he throws 5 or more interceptions. He can get away with it against crappy teams, but not true contenders. He can’t play defense either so if he gets down by 2 scores it is game over.

Here I am analyzing a guy in his mid-30’s guy playing a 6 year old video football game. Amazing. It is great content though.
 

nattysez

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Portnoy is a troll of the highest order but he's good at it and has realized how to monetize it. He's not just lucky. He understands how new media works and how to make money from it.
To wit:

Did we just witness “an epic signal of a blow-off top”... ?

Yes, says Gary Evans of the Global Macro Monitor blog, who pointed to the recent action on Barstool Sports founder Dave Portnoy’s Twitter feed as the reason why.

On Monday, Portnoy slammed Berkshire Hathaway’s BRK Warren Buffett for unloading airline stocks as the coronavirus epidemic took its toll. He also went off on how he made almost $300,000 on the day but missed out on an even bigger number by getting out too soon.

***

Evans compared Portnoy’s rant Monday to one of the most-quoted market top signals in history.

Back in the fall of 1929, Yale economist Irving Fisher famously said “Stock prices have reached what looks like a permanently high plateau.” We all know what happened in October of that year.

“Frame it,” Evans said of Portnoy’s take. “Then run like hell.”
https://www.marketwatch.com/amp/story/guid/2b0503c6-aa65-11ea-bbcd-b35fd9287b62?mod=dist_amp_social
 

JCizzle

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Why is that worth writing about in the WSJ? He's clearly just trolling and saying shit like that for attention. Then when he loses money in a couple days he can look miserable and draw attention for that counter-reaction. 95% of Barstool's content should be viewed as a WWE work.
 

johnmd20

figuratively like ebola
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On Twitch I just watched a grown man play a video game that is 6 years old for almost an hour and I was absolutely riveted. And when the kick fell short, it was exhilarating.

What a weird world.
 

nattysez

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Why is that worth writing about in the WSJ? He's clearly just trolling and saying shit like that for attention. Then when he loses money in a couple days he can look miserable and draw attention for that counter-reaction. 95% of Barstool's content should be viewed as a WWE work.
The headline was
Individuals Roll the Dice on Stocks as Veterans Fret
Stuck at home with few entertainment options, more newbies turn to shares; ‘it’s like a gambling game’

So the point of the article was to subtly poke fun at individuals who think they can "figure out" the market while they have nothing else to do (unlike the readers of WSJ, of course, who have it all figured out).
 

leetinsley38

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Barstool was bought by Penn, a sports gambling company. Portnoy and others probably have earn outs based on how Penn stock does and Barstool’s contributions to that. They have been hyping up sports betting and doing everything possible to get their audience hooked on gambling...then the pandemic happened so no sports to bet on. Portnoy will stop day trading the day regular sports schedules rerun. This is all just priming the pump.
 

Rusty13

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Barstool was bought by Penn, a sports gambling company. Portnoy and others probably have earn outs based on how Penn stock does and Barstool’s contributions to that. They have been hyping up sports betting and doing everything possible to get their audience hooked on gambling...then the pandemic happened so no sports to bet on. Portnoy will stop day trading the day regular sports schedules rerun. This is all just priming the pump.
Yeah, it's just entertainment shtick to bridge to when sports and gambling are back full tilt. Come circa July/August when NHL and NBA reboots, he and the site will revert back on day one.
 

nattysez

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Must be a weird day for Portnoy who knows that stonks can only go up. Oh well.
Some of the trash he's investing in might still be going up today because it's so easily manipulable. At this point, I'm not sure why Portnoy doesn't just buy a penny stock at night, announce at open that he's getting into xyz for $500k, and then dump it as soon as it pops. Unless that's what he's already doing. But mission accomplished -- he's got me paying attention to his Twitter feed, which I'd never done before now.
 

bluefenderstrat

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Some of the trash he's investing in might still be going up today because it's so easily manipulable. At this point, I'm not sure why Portnoy doesn't just buy a penny stock at night, announce at open that he's getting into xyz for $500k, and then dump it as soon as it pops. Unless that's what he's already doing. But mission accomplished -- he's got me paying attention to his Twitter feed, which I'd never done before now.
Because that's a classic pump & dump and could easily get him into legal trouble? Though he doesn't seem to give a fuck and he's won the game, so whatever. I find Portnoy to be loathsome in the extreme.
 

nattysez

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Because that's a classic pump & dump and could easily get him into legal trouble? Though he doesn't seem to give a fuck and he's won the game, so whatever. I find Portnoy to be loathsome in the extreme.
Between the legal notice that appears at the start of his broadcasts and the fact that he constantly says he doesn't know what he's talking about, I don't think it would be a pump and dump. I think he'd have to lie about the stock's prospects or know the stock was being manipulated (beyond him announcing his "buy") to get nailed. To be clear, my suggestion is based largely on the fact that he's a garbage human.
 

Dave Stapleton

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Between the legal notice that appears at the start of his broadcasts and the fact that he constantly says he doesn't know what he's talking about, I don't think it would be a pump and dump. I think he'd have to lie about the stock's prospects or know the stock was being manipulated (beyond him announcing his "buy") to get nailed. To be clear, my suggestion is based largely on the fact that he's a garbage human.
SEC polices penny stock manipulation quite regularly. If he told the world he bought a stock, the volume increased and price went up and then he sold he would absolutely be investigated, disclaimer or not.
 

nattysez

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Yes, especially with a high profile new face of daytrading. And Portnoy will use it for marketing purposes.

That said, this isn't NFL security. The SEC doesn't mess around and loves to make expensive examples of people like Portnoy.
Well, he's currently referring to people who follow his picks as his "clients" and is essentially holding himself out as a financial advisor despite the legal language that appears before his videos, so I guess we'll see.
 

johnmd20

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Plus all the other platforms so its amplified.

I know that people may not recognize it as such but the dude has true talent.
I love how you continually create straw men to knock down, like you're the one talking truth to power. "Nobody's talking about this, but I WILL. Big Cat is talented." Mind. Blown.

I mean, Big Cat is the host of a wildly famous podcast (it is literally the #1 sports podcast on iTunes. That means he's at the top, as the number 1 is the highest rank you can reach) and he just hosted a NCAA 2014 football twitch stream that got more people than the most famous of twitch streamers. Nobody is saying he's not talented.

His talent is obvious. Obvious Straw Man is obvious, too.
 

cshea

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Well Rico did have a crucial drop in the previous National Championship game.

Ground ‘n pound Big Cat isn’t as fun as Air Raid Big Cat.
 

shaggydog2000

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I love how you continually create straw men to knock down, like you're the one talking truth to power. "Nobody's talking about this, but I WILL. Big Cat is talented." Mind. Blown.

I mean, Big Cat is the host of a wildly famous podcast (it is literally the #1 sports podcast on iTunes. That means he's at the top, as the number 1 is the highest rank you can reach) and he just hosted a NCAA 2014 football twitch stream that got more people than the most famous of twitch streamers. Nobody is saying he's not talented.

His talent is obvious. Obvious Straw Man is obvious, too.
Yeah, but you have to understand, nobody believed in him.
 

NickEsasky

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I was waiting for the Rico fumble that blew the game when Big Cat kept putting him back in the game injured. Rico is a warrior.